UAE's First Gulf Bank talks five-year Swiss franc-denominated notes at mid-swaps plus 164 bps

By Christine Van Dusen

Atlanta, Jan. 12 -The United Arab Emirates' First Gulf Bank talked its planned Swiss franc-denominated five-year notes at mid-swaps plus 164 basis points, a market source said Wednesday.

No other details were available Wednesday.

This follows the company's delay, in November, of a planned dollar-denominated issue of notes due 2015 via BNP Paribas, Citigroup, Deutsche Bank, HSBC and National Bank of Abu Dhabi. The Regulation S notes were talked at a spread of mid-swaps plus 250 bps.

First Gulf Bank is an Abu Dhabi-based lender.

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